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Politics : Formerly About Applied Materials
AMAT 254.72+0.9%Dec 1 3:59 PM EST

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From: Gottfried5/9/2002 11:38:53 PM
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Short AMAT and go long QQQ? AD posted an excerpt from a Forbes article suggesting this. The whole story is here biz.yahoo.com

I'm surprised it comes from Ken Fisher. I think he's wrong on this, even though he's made some good calls recently.

There's another statement that puzzles me...

>that I am being asked the question [how to make real money in the market] in volume is a sign the ugly markets aren't over. If they were, investors would be content simply to avoid having their financial heads chopped off. At and around real bottoms, optimism is basically wiped out and investors don't stretch for return; they duck for cover. Stretching reflects partial optimism, which reflects excess demand for stocks, which presages still more ugliness ahead.<

It is, of course, accepted wisdom that at a market bottom capitulation occurs. I just don't understand how sentiment then turns to produce a rise. I also contend that not all investors despair at a bottom.

Gottfried
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